Florida retained the top spot in the nation for the highest foreclosure rate for the second month in a row. Nevada was second.

Written by

Yun Long
ylong@rgj.com

Banks in Nevada are getting better at navigating regulations related to mortgage lending, resulting in a sharp uptick in foreclosure-related activity.

Nevada had a 41 percent increase in foreclosure-related activity in October, according to RealtyTrac, a national foreclosure tracker, in a report released today.

"It's something that we've been tentatively expecting for at least a while," said Daren Blomquist, vice president of RealtyTrac. "It ties back to the legislation ... that really made the foreclosure process more difficult for lenders for a variety of reasons." ...